CJ D,
0.40 x win odds was an approxiamtion that was handed to me many years ago. As I recall, I tested it at one time and found that in medium-to-low odds ranges it was reasonably sound.
So, what is the average relationship between win odds and place odds?
What figure do you find would work?
Regards,
Dave Schwartz
PS: I just ran a 5,000 race sample and found that in horses under 7/1:
win pay = $7.25 2.62:1
place pay = $4.00 1.00:1
ratio appears to be 0.38
Last edited by Dave Schwartz; 01-20-2009 at 12:54 PM.
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